29Metals : 2022 AGM Notice of Meeting

ASX ANNOUNCEMENT

Thursday, 21 April 2022

2022 AGM Notice of Meeting

The 2022 Annual General Meeting ('AGM') of 29Metals Limited ('29Metals' or, the 'Company') will be held on Tuesday, 24 May 2022, commencing at 11.00am (Melbourne time). The Notice of Meeting, Voting and Proxy Form and Online Meeting Guide for the 2022 AGM accompany this release.

As set out in the accompanying materials, the AGM will be conducted as a hybrid meeting, with shareholders able to attend and participate in person or virtually via an online platform.

Copies of the accompanying documents, along with 29Metals' 2021 Annual Report (separately released today), are also available on 29Metals' dedicated AGM page on the 29Metals website athttps://www.29metals.com/investors/agm.

Details regarding the opportunities for shareholders to participate in the AGM, including opportunities to ask questions, are contained in the Notice of Meeting. For shareholders that elect to attend the AGM virtually via the online platform, instructions on how to vote and ask questions through the online platform, as well as verbally, are set out in the Online Meeting Guide.

Shareholders should monitor the ASX announcements platform and 29Metals website where updates will be provided if it becomes necessary or appropriate to make alternative arrangements for the holding or conduct of the AGM.

- ENDS -

Authorised for release by the Company Secretary, Clifford Tuck

Investor Enquiries Michael Slifirski

Media Enquiries Citadel-MAGNUS

Group Manager Investor [e-mail]

Michael Weir / Cameron Gilenko

[e-mail] /[e-mail]

[phone]

[phone] / [phone]

29Metals Limited (ABN 95 650 096 094)

Head office: Level 2, 150 Collins Street, Melbourne VIC 3000

29Metals Notice of 2022 Annual General Meeting

Unlocking value to empower the future

29Metals Limited (ACN 650 096 094)

2022 Annual General Meeting Notice of Meeting

The 2022 Annual General Meeting ('AGM') of 29Metals Limited ('29Metals' or, the 'Company') will be held at The Westin Melbourne, 205 Collins Street, Melbourne, VIC 3000, and virtually athttps://meetings.linkgroup.com/29MAGM22 on

Tuesday, 24 May 2022, commencing at 11.00am (Melbourne time).

29Metals shareholders wishing to participate are encouraged to visit the AGM page on our website athttps://www.29metals.com/investors/agm for information on how to participate, including how to attend, vote and ask questions.

29Metals 2022 Annual General Meeting - Notice of Meeting

2

21 April 2022

Dear Shareholder,

On behalf of the Board of Directors of 29Metals Limited ('29Metals' or, the 'Company'), I am pleased to invite you to the 2022 Annual General Meeting ('AGM'), our first AGM since our admission to the Official List of ASX in July 2021.

The AGM will be held on Tuesday, 24 May 2022, commencing at 11.00am (Melbourne time). The meeting will be conducted as a hybrid meeting, having the option to participate in the AGM by attending in person, or virtually via the online platform. Details regarding how to attend the AGM are set out below.

Physical attendance - how to find us

The AGM will be held physically at The Westin Melbourne, 205 Collins Street, Melbourne VIC 3000. The venue is easily accessible from Flinders Street train station and there are multiple parking stations located within walking distance.

Virtual attendance

You may also attend and participate in the AGM virtually through the online platform available athttps://meetings.linkgroup.com/29MAGM22.We recommend logging onto the online platform at least 15 minutes prior to the scheduled start time. The online platform will allow shareholders to view the meeting, ask questions and vote in real time. An Online Meeting Guide on how to use the online platform is available on 29Metals' website athttps://www.29metals.com/investors/agm.

In addition to the formal items of business set out in this Notice of Meeting, I will give an address as Chair and Peter

Albert, 29Metals' Managing Director & Chief Executive Officer ('Managing Director & CEO'), will provide a business update.

Shareholders that do not participate in the AGM will also be able to listen to our addresses and view the presentations via the live AGM webcast. Copies of the addresses and presentations will also be released on the ASX announcements platform on the morning of the AGM.

Shareholders should monitor the 29Metals website and the ASX announcements platform where updates will be provided if it becomes necessary or appropriate to make alternative arrangements for the holding or conduct of the AGM.

29Metals 2022 Annual General Meeting - Notice of Meeting

3

Voting before the AGM

You may, and are encouraged to, enter your vote on the items of business ahead of the AGM online athttps://meetings.linkgroup.com/29MAGM22 or by completing and returning the enclosed Voting and Proxy Form no later than 11.00am (Melbourne time) on Sunday, 22 May 2022. The details on how to do this are set out in the Notice of Meeting and on the Voting and Proxy Form.

Questions and comments

While shareholders as a whole will have a reasonable opportunity to ask questions during the AGM, I encourage you to submit questions and comments online ahead of the AGM, when you enter your votes in accordance with the instructions provided on page 9 of this Notice of Meeting. For shareholders attending the AGM virtually, instructions on how to ask questions through the online platform, as well as verbally, are set out in the Online Meeting Guide available on 29Metals' website. Please note that individual responses will not be sent to shareholders.

We will endeavour to address questions and comments received from shareholders as follows:

• ▪ questions relating to specific items of business (including any questions for the auditor) will be addressed when that item of business is being considered during the AGM;

• ▪ questions and comments regarding the management of 29Metals will be dealt with following my Chair address and the Managing Director & CEO's presentation; and

• ▪ other questions will, if time permits, be addressed during the AGM or be forwarded to the appropriate staff member to address after the AGM.

I am eager for 29Metals to be able to communicate with all shareholders by email and encourage you, if you have not already done so, to please elect to receive electronic shareholder communications. You can do this by logging into Link's Investor Centre and selecting 'Electronic Communications' under the 'Communications' tab or contacting 29Metals' Share

Registry directly.

On behalf of the Board, we look forward to engaging with shareholders at the AGM. Yours faithfully,

Owen Hegarty OAM Chair

29Metals 2022 Annual General Meeting - Notice of Meeting

4

ITEMS OF BUSINESS

Financial Statements and Reports

To receive and consider the Financial Statements of the Company and its controlled entities for the financial year ended 31 December 2021, together with the Directors' Report and the Independent Auditor's Report.

Note: there is no requirement for shareholders to approve the financial statements and reports.

Resolutions

1. Remuneration Report

To consider and, if thought fit, pass as a non-binding ordinary resolution:

"That the Remuneration Report for 29Metals Limited for the year ended 31 December 2021, as set out in the Directors' Report, be adopted."

Note: the vote on this Resolution is advisory only and does not bind the Directors or 29Metals.

Note: a voting exclusion statement applies to this resolution. Refer to Resolution 1 in the Explanatory Notes.

2. Issue of Securities under the 29Metals Equity Incentive Plan

To consider and, if thought fit, pass as an ordinary resolution:

"That for the purposes of ASX Listing Rule 7.2 Exception 13, and for all other purposes, the issue of any equity securities under the 29Metals Equity Incentive Plan during the three years following the date of this AGM, as described in the Explanatory Notes which forms part of the Notice of Meeting, is approved."

Note: a voting exclusion statement applies to this resolution. Refer to Resolution 2 in the Explanatory Notes.

3. Issue of 2021 LTI Performance Rights to Peter Albert, Managing Director & CEO

To consider and, if thought fit, pass as an ordinary resolution:

"That for the purposes of ASX Listing Rule 10.14, and for all other purposes, the issue of 182,926 performance rights (and any shares on vesting of performance rights) to Peter Albert under the 29Metals 2021 Long Term Incentive Plan on the terms and conditions described in the Explanatory Notes which forms part of the Notice of Meeting, be approved."

Note: a voting exclusion statement applies to this resolution. Refer to Resolution 3 in the Explanatory Notes.

4. Issue of 2022 LTI Performance Rights to Peter Albert, Managing Director & CEO

To consider and, if thought fit, pass as an ordinary resolution:

"That for the purposes of ASX Listing Rule 10.14, and for all other purposes, the issue of 328,467 performance rights (and any shares on vesting of performance rights) to Peter Albert under the 29Metals 2022 Long Term Incentive Plan on the terms and conditions described in the Explanatory Notes which forms part of the Notice of Meeting, be approved."

Note: a voting exclusion statement applies to this resolution. Refer to Resolution 4 in the Explanatory Notes.

5. Approval of NED Salary Sacrifice Share Plan

To consider and, if thought fit, pass as an ordinary resolution:

"That approval is given for the purposes of ASX Listing Rule 10.14, and for all other purposes:

• ▪ for the establishment of the NED Salary Sacrifice Share Plan; and

• ▪ the issue of fully paid ordinary shares under the Non-Executive Director Salary Sacrifice Share Plan to eligible Non-Executive Directors in office, from time-to-time, during calendar years 2022, 2023 and 2024, on the terms and conditions described in the Explanatory Notes which forms part of the Notice of Meeting."

Note: a voting exclusion statement applies to this resolution. Refer to Resolution 5 in the Explanatory Notes.